"Do not put all your eggs in one basket" is an advice that seeks to reduce:

A. Idiosyncratic risk

B. Non-diversifiable risk

C. Systemic risk

D. Market risk

A. Idiosyncratic risk

Economics

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Marginal cost is defined as the change in ________ cost when output changes by one unit. In the short run, marginal cost can also be measured by the change in ________ cost when output changes by one unit

A) total; fixed B) variable; fixed C) fixed; variable D) total; variable

Economics

If an entity is fungible, then its individual units are:

A. nearly impossible to purchase. B. of value for a short period of time. C. useless without the other units. D. interchangeable.

Economics